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Overview

FMIS offers a CMMS solution that helps businesses unify operational efficiency with financial control through its integrated modules. While the user interface need some updates, its efficient functionality for fixed asset accounting and compliance makes it a strategic choice for managing the complete asset lifecycle.

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Overall Rating

Based on 16 users reviews

4

Rating Distribution

Positive

81%

Neutral

19%

Negative

0%

Starting Price
Custom

FMIS Specifications

Asset Management

Equipment Tracking

Preventive Maintenance

Purchasing

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What Is FMIS?

FMIS is an integrated software suite designed for enterprise organizations looking to manage their entire asset lifecycle. It offers modules for fixed asset accounting, equipment maintenance (CMMS), asset tracking, and lease accounting to solve complex operational and financial challenges.

The FMIS software helps businesses automate routine tasks, ensure data accuracy for strategic decisions, and maintain compliance with international accounting standards like IFRS and GAAP to provide a single source of truth for all assets.

FMIS Pricing

The FMIS cost varies based on the specific needs of each business. Request a personalized FMIS pricing quote for your business today!

FMIS Integrations

FMIS supports integration with multiple systems and platforms, such as:

Watch the FMIS demo to learn more about its integration arrangements.

Who Is FMIS For?

The software is ideal for a wide range of industries and sectors, such as:

  • Manufacturing
  • Healthcare
  • Government
  • Energy
  • Education
  • Non-profit

Is FMIS Right For You?

FMIS is an ideal fit for mid-to-large enterprises where efficient financial control and accounting compliance are top priorities. Its deep functionality in fixed asset management simplifies complex audits. FMIS software ensures financial compliance with standards like IFRS and Sarbanes-Oxley while securing data through encryption and role-based access control, which makes it a secure choice for industry professionals.

Still unsure whether FMIS software is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.

FMIS Features

This feature establishes complete asset records by permitting the setup of configurable fields based on the type of asset and holding multiple attachments like warranty and insurance papers. New records are formally created upon item intake through goods receipt, non-PO receipt, or a barcoding audit. All assets are organized using a multi-level location hierarchy and support exact bin level allocation for storage tracking.

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FMIS software helps manage all scheduled and unscheduled services. It creates full preventative schedules that run automatically based on meter readings or preset dates. The system allows staff to define specific tasks, the necessary parts, and any required third party purchasing. Work is assigned through the automatic generation of maintenance work orders or reminders, which is supported by defined work order routing and complete parts control.

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Lifecycle management tracks the entire history of an asset from its initial creation. It records every major status change, including warranty status, scheduled maintenance, repair, assign, loan, transfer, and replace actions. The process is maintained by recording physical counts or audits to verify data accuracy, along with tracking all other asset-related events.

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This control function governs the temporary assignment of equipment within the organization, which allows the precise allocation of individual assets to specific projects or departments. It provides tools to monitor return dates and flag overdue loans, which can be filtered by location or other criteria. Loan activity is managed using a visual calendar view that also confirms equipment availability at any site.

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FMIS ensures data usability by making all internal documents and reports completely and easily customizable for specific management insights. Standard base reports can be copied and changed, then directly linked to automated business processes using workflows. The reporting function offers quick access to detailed information and summaries through dashboards and business intelligence tools.

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Pros And Cons of FMIS

Pros

  • Automated compliance with major accounting standards

  • Offers Real-time asset location and status visibility

  • Reduces downtime through automated scheduling

Cons

  • Configuration needed for complex business rules

  • Performance is dependent on network infrastructure quality

FMIS Reviews

Total 16 reviews

4

All reviews are from verified customers

Rating Distribution

5

Stars

19%

4

Stars

63%

3

Stars

19%

2

Stars

0%

1

Stars

0%

Share your experience

MA

Mihir A.

Public Safety, 51-100 employees

Less than 6 months

3.0
March 2023

feature-rich but restrictive data fields

Pros

In my opinion the wide array of functional features and the comprehensive reporting capabilities the system provides and I can effortlessly add, remove, or modify assets while every modification is recorded in an Audit Log. Also I can run Actual and Forecast Depreciation calculations to support forward-looking planning.

Cons

However I find that the data fields impose a severe character limit which makes it challenging when I need to include explanatory notes because they are forced to be truncated.

Rating Distribution

Ease of use

9

Value for money

7

Customer Support

9

Functionality

8

MB

Mike B.

Marketing and Advertising, 51-100 employees

Less than 6 months

4.0
March 2023

Efficient and understand assets

Pros

I find it very easy to grant and configure access permissions and it's also interactive for me to track and follow assets as they move through the system.

Cons

No problems to report while using the platform but I did notice that some of the out-of-the-box summary reports tended to be overly dense with data although I was able to produce customized reports that suited our needs without too much trouble.

Rating Distribution

Ease of use

8

Value for money

7

Customer Support

9

Functionality

8

ND

Nicole D.

Automotive, 11-50 employees

Less than 6 months

4.0
March 2023

Creates my entries and tracks assets

Pros

What I like most about this tool is that it automatically generates the journal entries I need for my primary accounting software while also allowing me to monitor and manage my asset records.

Cons

I wish the process for modifying asset information were more intuitive because at present updating even a simple field--say a title that is merely a yes/no option requires navigating through multiple separate screens and as a result I find myself clicking into three different areas just to change a single piece of information which is unnecessarily time-consuming and difficult.

Rating Distribution

Ease of use

8

Value for money

8

Customer Support

8

Functionality

8

Frequently Asked Questions

FMIS features are designed for businesses in industries and sectors such as manufacturing, healthcare, government, energy, and education.

Information regarding the vendor’s API availability has not been provided.

The software integrates with leading ERP and finance systems, including Sage, Deltek, and, Access.

The platform currently supports the English language.

Yes, FMIS offers a mobile app.

The platform provides support through phone, email, and contact form.

The vendor offers customized pricing plans, depending on the unique requirements of businesses. Request a customized FMIS price quote for your business today!

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